Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a) indicate which answer choice is correct. explai

a) Indicate which answer choice is correct. Explain why this choice is correct, citing to...

50.1K

Verified Solution

Question

Finance

image

a) Indicate which answer choice is correct. Explain why this choice is correct, citing to pages in the textbook, powerpoint slides, and/or lecture notes. b) For each of the wrong answer choices, explain why the choices are incorrect. Type your responses underneath each question or after each answer choice in color (to distinguish it from the text of the test question). 18. Sam writes a check to his personal trainer for $300, drawn on his account at National Bank. At what point can the personal trainer approach Sam to pay the $300? a. Any time. The personal trainer has the option of negotiating the check or seeking cash from Sam. b. Never. As the drawer of the check, Sam does not have primary liability on it. c. After the personal trainer has presented the check for payment and it has been dishonored. d. If the personal trainer notifies Sam that he has misplaced the check. e. Only after the personal trainer presents the check for payment, it has been dishonored, Sam receives notice that the check has been dishonored

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

For the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF...

Chemistry
1.2K views

A mixture of H2 and He are in a 10.0 L vessel at 273 K....

Physics
1.2K views

Consider two non conducting discs touching each other at point P as shown Their uniform...

Geometry
1.2K views

16 iven BD bisects LABC LA LC Pune AB BL 3 Steps BD bisects LABC...

Basic Math
1.2K views

Give the domain of each of the following functions in interval notation.g(x) = -7 /25-xp(x)...

Basic Math
1.2K views

Mrs. Lakshi asks her geometry students to describe how to create a right prism with...

Statistics
1.2K views

Use the data to create a stemplot The weights of 22 members of the varsity...

Accounting
1.2K views

eOverhead Variances and Their Disposal Warner Company has the following data for the past...

Accounting
1.2K views

eather purchased a $10,000 bond that had 4% coupons and ten years to maturity. If...

Accounting
1.2K views

helpRequired informationn [The following information applies to the questions displayed below.] Kubin...

Accounting
1.2K views

Laura Lee and William are married. If they file married filing separately, they will together...

Finance
1.2K views

The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.06 million,...